Markets

World

EasyEquities Partnership With GCash to Bring US Stock Trading to 70 Million Filipinos

EasyEquities will launch a fantasy investment game on GCash in June 2023 to educate and familiarize customers with US stock trading before offering real trading. This strategy proved successful when E

Apr 20, 2023
Zimbabwe
MoM ZSE Performance Review

Despite some intense levels of oscillation, the Zimbabwe Stock Market (ZSE) has seen a positive trajectory on a month-on-month basis, with the ZSE All Share Index increasing from 33715.26 points on 17

 Apr 19, 2023
World
Musakanya Takes Over at Access Bank Botswana as New Acting MD

Musonda has spent 15 years in senior managerial roles, which allowed her to develop first-hand knowledge and expertise in the management of client relations, technology, risk management, and overall b

 Apr 19, 2023
World
Turnstar Holdings Releases Trading Statement, Profits and Revenue Remain Steady

Turnstar Holdings Limited (Turnstar) is likely to face a range of challenges that could impact its operations and profitability. One significant factor is the potential for inflation, which could incr

 Apr 18, 2023
Companies
AH-Vest Limited Reports Slight Increase in Revenue for HY2023

AH-Vest Limited has reported a slight increase in revenue despite facing challenges from load sheddin and increased manufacturing costs. The company has taken steps to mitigate the impact of loadshedd

 Apr 18, 2023
Zimbabwe
Corporate Action Summary

Edgars issued an announcement to Shareholders and other stakeholders about the unanticipated delays in the finalization of the audit process which has necessitated a move to defer the publication of t

 Apr 17, 2023
World
Mashonaland Holdings Revenue Skyrocketed by 97% on Account of MashView Gardens

Mashonaland Holdings, a distinguished real estate investment and development firm, has witnessed a remarkable 308% Compounded Annual Growth Rate (CAGR) in revenue from FY'18 to FY'22. In the financial

 Apr 14, 2023
New Indonesian Nickel Indices Could Be a Game-Changer for Bindura Nickel Corp

For Bindura Nickel Corp and other miners outside Indonesia, the new indices could give better insight into price trends and improve their bargaining power with offtakers. Bindura Nickel Corporation is

Apr 14, 2023
Zimbabwe's Tobacco Industry Under Threat: Growers Suspected of Side Marketing

The Zimbabwean tobacco industry, is facing challenges with suspected side marketing by contracted tobacco growers. As a result of this illegal practice, the Tobacco Industry and Marketing Board (TIMB)

Apr 14, 2023
Zambia Approaches Debt-Restructuring Agreement

-Zambia is a step closer to finalizing its long-awaited debt-restructuring agreement with its official bilateral creditors. The nation’s treasury secretary, Felix Nkulukusa, recently announced that th

Apr 13, 2023
Bear-run on VFEX: Investors in despair

The Victoria Falls Stock Exchange (VFEX) has been on a negative trajectory for close to five months now, and has succumbed to a -4% decline since the beginning of the year. This is inverse to the prim

Apr 12, 2023

Africa Capital Markets Update: Performance Variance Analysis

The Nairobi Stock Exchange has earned the unfortunate distinction of being the worst performing African stock market in the first quarter of 2023. So far this year, it has experienced a significant de

Apr 11, 2023

Zimbabwe Targets Self-Sufficiency in Wheat Production Through Increased Hectarage

The Zimbabwean government recently announced its plans to increase the hectarage of winter wheat production by 5% for 2023, compared to last year's 80,388 hectares. This comes as good news for the cou

Apr 06, 2023

Stanbic Bank's Bottomline Soars by 180% for FY’22

Despite the challenging economic landscape, Stanbic Bank thrived in the 2022 financial year posting a profit of $49.9 billion in inflation-adjusted terms, up by 180% from $17.8 billion the prior year.

Apr 04, 2023

African Capital Markets Update: Positive Outlook Despite Contrasting Performance - Challenges Ahead

In the past week, the All-Share Index rose 7.59%, ranking the best performing stock market in Africa. The bourse registered growth on the back of a remarkable 17% surge in the Utilities sector, primar

Apr 04, 2023

Zimbabwe and Belarus Strengthen Economic Ties Through Government and Private Sector Partnerships

The governments of Zimbabwe and Belarus have taken steps to strengthen their engagement and foster trade between their private sectors after Minister of Foreign Affairs and International Trade, Honour

Mar 31, 2023

The Fall of Babylon? Aftermath of Possible Greenback’s Crush

The United States of America (USA) has for centuries managed to position its currency, United States dollar as the currency of global trade. However, the greenback is facing a multitude of headwinds f

Mar 30, 2023

South Africa's Insurance Market in Turmoil: Reinsurance Rates Soar, Power Grid Collapse Looms

South Africa's insurance market, once considered the most developed in Africa, is facing serious challenges due to rising reinsurance rates, which are outstripping the global trend. Claims pay-outs fr

Mar 30, 2023

FCB’s Non-funded Income Dominated Revenue Generation in FY22

First Capital Bank’s non-funded income dominated revenue generation for the firm in the 2022 financial year as the bank posted real growth in terms of non-funded income by 44% with the non-funded to t

Mar 28, 2023